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Saturday, 14 February 15
SHALE GAS AND TIGHT OIL ARE COMMERCIALLY PRODUCED IN JUST FOUR COUNTRIES - EIA
 KNOWLEDGE TO ELEVATE
The United States, Canada, China, and Argentina are currently the only four countries in the world that are producing commercial volumes of either natural gas from shale formations (shale gas) or crude oil from tight formations (tight oil). The United States is by far the dominant producer of both shale gas and tight oil.
Canada is the only other country to produce both shale gas and tight oil. China produces some small volumes of shale gas, while Argentina produces some small volumes of tight oil. While hydraulic fracturing techniques have been used to produce natural gas and tight oil in Australia and Russia, the volumes produced did not come from low-permeability shale formations.
The four countries producing commercial volumes of shale gas and tight oil all increased output in 2014, and in all four countries, natural gas and crude oil production from shale and tight formations grew at a faster rate last year than production from non-shale and non-tight formations.
- In the United States, a large portion of shale gas production growth has occurred in the Appalachian Basin's Marcellus Shale. In the Marcellus region, dry natural gas production has more than tripled in the past three years, from an average of 4.8 billion cubic feet per day (Bcf/d) in 2011 to an average of 14.6 Bcf/d in 2014. A large portion of tight oil production has come from Western Gulf Basin's Eagle Ford and from the Williston Basin's Bakken Shale. In the Bakken region, oil production in 2014 averaged 1.1 million barrels per day (bbl/d), more than 2.5 times greater than the 2011 average of 0.4 million bbl/d.
- In Canada, tight oil production doubled between 2011 and 2014, from 0.2 million bbl/d to 0.4 million bbl/d. Most Canadian tight oil production comes from Alberta and Saskatchewan. The same is true of Canadian shale gas production, which increased from 1.9 Bcf/d in 2011 to 3.9 Bcf/d as of May 2014, when including production from the Montney formation (natural gas produced in the Montney formation is considered non-shale gas production by the Canadian National Energy Board, but is included in the Canadian shale gas production total).
- In China, Sinopec and PetroChina have reported commercial production of shale gas from fields in the Sichuan Basin. Their combined shale gas output has reached 0.163 Bcf/d, or 1.5% of total natural gas production.
- In Argentina, tight oil production comes mainly from Vaca Muerta’s Neuquen Basin. National oil company YPF, partnering with Chevron, is producing about 20,000 barrels of tight oil per day from the Loma Campana area.
Notable shale resource exploration efforts are underway in several countries, including Algeria, Australia, Colombia, Mexico, and Russia. However, commercial shale development of the type demonstrated in the United States requires the ability to rapidly drill and complete a large number of wells in a single productive geologic formation. The logistics and infrastructure necessary to support this level of activity, including the drilling and completion processes, the manufacturing of drilling equipment, and the distribution of the final product to market are not yet evident in countries other than the United States, Canada, China, and to some extent, Argentina. Other above the ground factors such as ownership of mineral rights, taxation regimes, and social acceptance also play a role in decisions regarding the development of shales and other tight resources.
Principal contributor: Faouzi Aloulou | EIA
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Monday, 03 February 14
API 8 CFR SOUTH CHINA COAL SWAP CONTRACTS FALL
COALspot.com: API 8 CFR South China Coal swaps for average Q1 14 delivery lost 4.71 percent month on month and closed at US$ 78.87 per mt as on Frid ...
Monday, 03 February 14
COAL FREIGHT RATES REMAIN UNDER PRESSURE
COALspot.com: The BDI is fell 50 pct over last one month which seems to be one of the lowest fall in last few years.
The BDI was down by 11 ...
Friday, 31 January 14
U.S. COAL PRODUCTION TOTALED APPROXIMATELY 19.2 MMST W-O-W
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.2 million short tons (mmst) of coal in ...
Friday, 31 January 14
DRY BULK MARKET STILL ON A FALL, EXPECTED TO WORSEN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market is definitely in the doldrums since the start of the year, in what could only be described as a "lost" month for indus ...
Thursday, 30 January 14
JPU SETTLEMENT PRICE AS A BENCHMARK WILL DECLINE IN IMPORTANCE BUT REMAIN RELEVANT, SAYS WOOD MACKENZIE
JPU price will remain above spot, trending closer to spot till 2015 then increasing to 2035.
Japanese Power Utilities (JPU) are approaching a cru ...
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- Toyota Tsusho Corporation, Japan
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- AsiaOL BioFuels Corp., Philippines
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- Wood Mackenzie - Singapore
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- Africa Commodities Group - South Africa
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- McConnell Dowell - Australia
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- Global Business Power Corporation, Philippines
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- Tata Chemicals Ltd - India
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- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
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- Riau Bara Harum - Indonesia
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- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Planning Commission, India
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
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- Meralco Power Generation, Philippines
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- Binh Thuan Hamico - Vietnam
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- Bahari Cakrawala Sebuku - Indonesia
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- TeaM Sual Corporation - Philippines
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- Energy Link Ltd, New Zealand
- White Energy Company Limited
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- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
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- Thai Mozambique Logistica
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- Global Coal Blending Company Limited - Australia
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- Tamil Nadu electricity Board
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- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
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- Eastern Energy - Thailand
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- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- Antam Resourcindo - Indonesia
- VISA Power Limited - India
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- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
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